Killam Apartment REIT has completed new apartment developments in Nova Scotia and Ontario.

Killam announced Friday that it finished construction on the Governor, a 12-unit luxury apartment located in downtown Halifax, during the third quarter The development includes 3,500 square feet of ground-floor commercial space.

The Governor is currently 42% leased.

Halifax-based Killam also completed the 169-unit Civic 66 development in Kitchener, Ont. The Civic is 54% leased and includes 3,000 sf of commercial space.

The two projects had a combined development cost of $94.1 million.

Killam has a 139-unit apartment project, known as the Carrick, under development in Waterloo, Ont. Construction is expected to be completed in the second half of 2025 at an expected cost of $83.5 million.

The REIT said it has a 10% stake in the second phase of the Nolan Hill development in northwest Calgary, which is slated for completion in December 2023.

“Killam has a commitment to purchase 100% of the development for $65.0 million,” said the REIT in a news release accompanying its third quarter earnings report.

In September, Killam sold a multi-residential complex in St. John, N.B., for $15 million.